v3.22.2.2
Lease Obligations
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Lease Obligations Lease Obligations
For the three months ended September 30, 2022 and 2021, the Company recognized $5.9 million and $4.9 million, respectively, and $17.0 million and $15.7 million during the nine months ended September 30, 2022 and 2021, respectively, of lease expense under ASC 842, which included operating lease expenses associated with leases included in the lease liability and right of use ("ROU") asset on the condensed consolidated balance sheets. For short-term leases not included in the Company's ROU asset and lease liability balances, the Company recognized $0.3 million and $0.4 million during the three months ended September 30, 2022 and 2021, respectively, and $0.9 million and $1.0 million during the nine months ended September 30, 2022 and 2021, respectively, of lease expense. In addition, the Company recognized $15.1 million and $9.9 million during the three months ended September 30, 2022 and 2021, respectively, and $39.3 million and $24.6 million during the nine months ended September 30, 2022 and 2021, respectively, of variable and cloud-based services expense related to data centers that are not included in the ROU asset or lease liability balances.
The Company also received rental income of $1.3 million and $1.0 million for real estate leases for which it subleases the property to third parties during the three months ended September 30, 2022 and 2021, respectively, and $3.9 million and $3.3 million during the nine months ended September 30, 2022 and 2021, respectively.
As of September 30, 2022, a weighted average discount rate of 5.83% has been applied to the remaining lease payments to calculate the lease liabilities included within the condensed consolidated balance sheet. The lease terms of the Company’s operating leases generally range from one year to ten years, and the weighted average remaining lease term of leases included in the lease liability is 5.9 years as of September 30, 2022.
The maturity of the Company's lease liabilities associated with leases included in the lease liability and ROU asset were as follows as of September 30, 2022 (in thousands):
Fiscal Year
Remaining 2022$6,183 
202322,676 
202419,806 
202512,057 
20269,976 
Thereafter28,164 
Total lease payments (undiscounted)98,862 
Less: imputed interest(15,122)
Lease liabilities—total (discounted)$83,740 

In addition to the lease liabilities included in these condensed consolidated financial statements at September 30, 2022, during the nine months ended September 30, 2022, the Company entered into agreements for office space and data centers that have not commenced as of September 30, 2022; therefore, they are not included in the lease liability on the balance sheet as of September 30, 2022. The Company has future commitments totaling $6.8 million with a weighted average term of 3.2 years.